Five Minute Settlement and Global Settlement
On 1 October 2021, Five-Minute Settlement (5MS) commenced in the National Electricity Market (NEM), aligning operational dispatch and financial settlement at five-minutes in accordance with the AEMC’s 5MS rule. On this day, AEMO also began reporting on unaccounted for energy (UFE) values as part of the Global Settlement (GS) soft-start. AEMO will continue to work with industry to implement the full GS changes on 1 May 2022, as per the AEMC’s GS rule.
Learn more about the rule changes and what it means for Market Participants.